European stocks soared on Wednesday as a two-week Middle East ceasefire helped ease fears of supply disruptions in oil markets and tempered inflation concerns.Brent crude prices slumped 14 percent toward $90 a barrel on hopes that oil and gas flows through the Strait of Hormuz could soon resume.In economic releases, Germany's factory orders recovered in February, albeit at a slower than expected p...
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May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.